by Michael Thomas, Story Leak:
The foundation for the original financial architecture and economic systems of the modern era was laid over the last two to three centuries. Much of the actual architecture and various systems were designed, engineered and constructed during a time that would be considered the Stone Age when compared to the Information Age of 2013. Herein lies the crux of the matter.
Way back in the days there were relatively few stock and bond exchanges, as well as limited currency and commodity trading. Of course, real estate investments have always been around but certainly not in the form of Real Estate Investment Trusts, Real Estate Limited Partnerships, and Collateralized Debt Obligations that we see today.
Over the last century there has been exponential growth experienced in every single market across the globe. Equity, bond, currency, commodity, real estate, derivative to name the primaries. Each of their original trading platforms were built to accommodate a vastly different world. You could say that the foundation specs were quite minimal, especially relative to the 21st century.
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